2025-11-13T07:31:28-06:00 2025-06-30 271155496 ROBERT LEE & ASSOCIATES LLP 999 W TAYLOR STREET STE A SAN JOSE CA 95126 990 2024-07-01 942634550 HILLSBOROUGH SCHOOLS FOUNDATION HILL 6503446685 300 EL CERRITO AVE HILLSBOROUGH CA 94010 ALICIA ISERO EXECUTIVE DIRECTOR 6503446685 2025-11-10 1 1 SCOTT R SMEAD P01208759 4088556770 2024 2025-03-06 01:10:19Z ALICIA ISERO 300 EL CERRITO AVE HILLSBOROUGH CA 94010 6644030 0 X WWW.HSF.ORG X 1979 CA THE PRIMARY GOAL OF THE ORGANIZATION IS TO PROVIDE SUPPLEMENTARY FINANCIAL SUPPORT FOR THE PUBLIC SCHOOLS OF HILLSBOROUGH, CALIFORNIA, WHEN FUNDING FROM PUBLIC AND OTHER SOURCES IS INADEQUATE TO PROVIDE HIGH QUALITY EDUCATIONAL PROGRAMS AND OPPORTUNITIES FOR THE CHILDREN OF THE COMMUNITY. USES FOR THIS FINANCIAL SUPPORT WOULD INCLUDE, BUT NOT BE LIMITED TO, THE DEVELOPMENT AND ENHANCEMENT OF EDUCATIONAL PROGRAMS, THE PURCHASE OF BOOKS, SPECIALIZED EQUIPMENT AND OTHER ACADEMIC MATERIALS, AND THE FUNDING OF PERSONNEL, SUCH AS CURRICULUM SPECIALISTS. AS PART OF ITS EFFORTS TO ACHEIVE THIS GOAL, THE FOUNDATION HAS ESTABLISHED AND MANAGES THE FRED SCHWARTZ ENDOWMENT FUND AS A SUPPLEMENTAL FINANCIAL RESOURCE FOR THE BENEFIT OF THE HILLSBOROUGH PUBLIC SCHOOLS. 21 21 3 200 0 0 4343197 4698178 0 0 2915222 1199223 325704 -4191 7584123 5893210 3911753 4980980 0 0 426850 428658 0 0 462423 369488 318493 4708091 5728131 2876032 165079 20620075 22415709 3755227 4432836 16864848 17982873 X THE PRIMARY GOAL OF THE ORGANIZATION IS TO PROVIDE SUPPLEMENTARY FINANCIAL SUPPORT FOR THE PUBLIC SCHOOLS OF HILLSBOROUGH, CALIFORNIA, WHEN FUNDING FROM PUBLIC AND OTHER SOURCES IS INADEQUATE TO PROVIDE HIGH QUALITY EDUCTIONAL PROGRAMS AND OPPORTUNITIES FOR THE CHILDREN OF THE COMMUNITY. USES FOR THIS FINANCIAL SUPPORT WOULD INCLUDE, BUT NOT BE LIMITED TO, THE DEVELOPMENT AND ENHANCEMENT OF EDUCATIONAL PROGRAMS, THE PURCHASE OF BOOKS, SPECIALIZED EQUIPMENT AND OTHER ACEDEMIC MATERIALS, AND THE FUNDING OF PERSONNEL, SUCH AS CURRICULUM SPECIALISTS. AS PART OF ITS EFFORTS TO ACHIEVE THIS GOAL, THE FOUNDATION HAS ESTABLISHED AND MANAGES THE FRED SCHWARTZ ENDOWMENT FUND AS A SUPPLEMENTAL FINANCIAL RESOURCE FOR THE BENEFIT OF THE HILLSBOROUGH PUBLIC SCHOOLS. 0 0 4980980 4980980 ANNUAL GIVING CAMPAIGN IS AN ANNUAL FUND DRIVE TO PARENTS AND COMMUNITY. THE FUNDS RAISED ARE USED TO MAKE GRANTS TO HILLSBOROUGH CITY SCHOOL DISTRICT AS SUPPLEMENTAL FUNDING TO THE SCHOOL DISTRICT BUDGET. 4980980 1 1 0 0 0 0 0 0 0 1 1 0 0 0 0 1 1 0 0 0 0 0 0 0 1 0 0 1 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 8 0 3 1 0 0 0 0 0 0 0 0 0 0 0 0 X 21 21 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA X ALICIA ISERO 6503446685 300 EL CERRITO AVENUE HILLSBOROUGH CA 94010 LISA DUFFELL PRESIDENT 20.00 0.00 X X 0 0 0 NISHA AHLUWALIA PRESIDENT-ELECT 2.00 0.00 X X 0 0 0 GREG LEONARD TREASURER 4.00 0.00 X X 0 0 0 MEGAN GERMACK SECRETARY & GOVERNANCE 2.00 0.00 X X 0 0 0 CINDY PANCHULA PAST PRESIDENT 2.00 0.00 X 0 0 0 ERIN SCHAEFER CHAIR, ANNUAL GIVING CAMPAIGN 8.00 0.00 X X 0 0 0 TAL SIMON CO-CHAIR, AUDIT & ENDOWMENT 2.00 0.00 X X 0 0 0 DEEPAK SARPANGAL CO-CHAIR, AUDIT & ENDOWMENT 2.00 0.00 X X 0 0 0 NIDHI DASH CO-CHAIR, COMMUNICATIONS 4.00 0.00 X 0 0 0 JULIE KAVANAGH CO-CHAIR, COMMUNICATIONS 4.00 0.00 X 0 0 0 STEPHANIE CANTWELL CHAIR, COMMUNITY CAMPAIGN, LEGACY 2.00 0.00 X 0 0 0 JACKIE HSU CHAIR, CORPORATE OUTREACH 2.00 0.00 X 0 0 0 TING YANG CO-CHAIR, EVENTS 3.00 0.00 X 0 0 0 NATALIE KAO CO-CHAIR, EVENTS 3.00 0.00 X 0 0 0 TERI KIL CHAIR, NOMINATING 2.00 0.00 X 0 0 0 AMY REISENBERG CO-CHAIR, PARENT CAMPAIGN 3.00 0.00 X 0 0 0 EMILY OU CO-CHAIR, PARENT CAMPAIGN 3.00 0.00 X 0 0 0 SARA HESTON CHAIR, PERSONNEL 2.00 0.00 X 0 0 0 ERIC DAVIDSON CHAIR, SCHOLAR'S CIRCLE 2.00 0.00 X 0 0 0 KRISTEN GASIOR CHAIR, STRATEGIC PLANNING 2.00 0.00 X 0 0 0 SHELBY VAN DOREN ASSOCIATED PARENTS' GROUPS PRESIDENT 2.00 0.00 X 0 0 0 ALICIA ISERO EXECUTIVE DIRECTOR 40.00 0.00 X X 178625 0 0 GILBERT WAI SCHOOL BOARD LIAISON 0.00 20.00 X 0 0 0 ANA DE ARCE SUPERINTENDENT 0.00 40.00 X 0 0 0 178625 0 0 1 0 1 0 0 607810 4090368 462176 4698178 745002 745002 993168 538947 454221 454221 454221 207614 607810 211873 -4259 -4259 OTHER REVENUE 900099 68 68 68 5893210 0 0 1195032 4980980 4980980 178000 31613 146387 177947 31604 146343 45782 27552 18230 26929 4643 22286 3500 3500 42000 42000 20654 20654 89721 30530 59191 3521 3521 3727 3727 422 61 361 7777 7777 BANK FEES 37123 37123 BAD DEBT 32600 32600 MISCELLANEOUS 30266 38 30228 SOFTWARE & IT 23813 7031 16782 23369 4275 19094 5728131 4980980 284728 462423 1644067 1809565 115521 66422 35862 21539 28838 28838 0 0 18824625 20518183 20620075 22415709 55227 65836 3700000 4367000 3755227 4432836 X 16864848 17942973 39900 16864848 17982873 20620075 22415709 165079 952946 0 X X 0 1 X 1 0 X 3719151 4663594 4142348 4343197 4698178 21566468 3719151 4663594 4142348 4343197 4698178 21566468 21566468 367864 500701 540734 631581 745002 2785882 2270 2271 2145 1673 68 8427 24360777 0.88530 0.89610 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: SCRIP INCOME - 2020 AMOUNT: $ 2,120. 2021 AMOUNT: $ 2,271. 2022 AMOUNT: $ 2,145. 2023 AMOUNT: $ 1,673. 2024 AMOUNT: $ 68. MISCELLANEOUS - 2020 AMOUNT: $ 150. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 16864848 500 1909036 333000 498411 17942973 14668658 1350 2194840 16864848 12069544 1316085 1283029 14668658 14648207 9338 -2421604 166397 12069544 10801539 5025 3945882 104239 14648207 1.00000 0 0 28838 28838 0 0 X 6859702 952946 34200 987146 5872556 20654 20654 5893210 5741677 34200 34200 5707477 20654 20654 5728131 PART V, LINE 4: THE FOUNDATION'S ENDOWMENT CONSISTS OF FUNDS ESTABLISHED TO PROVIDE A STABLE, LONG-TERM SOURCE OF FUNDING TO HILLSBOROUGH CITY SCHOOL DISTRICT AND TO PROVIDE FUNDS FOR CURRENT OPERATING NEEDS. PART X, LINE 2: U.S. GAAP REQUIRES THE FOUNDATION TO EVALUATE TAX POSITIONS TAKEN BY THE FOUNDATION AND RECOGNIZE A TAX LIABILITY IF THE FOUNDATION HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY THE APPLICABLE TAX AUTHORITY. THE FOUNDATION HAS REVIEWED ITS TAX POSITIONS FOR ALL OPEN TAX YEARS AND BELIEVES THAT IT HAS APPROPRIATE SUPPORT FOR THE TAX POSITIONS TAKEN. THEREFORE, NO LIABILITY HAS BEEN RECORDED. PART XI, LINE 2D - OTHER ADJUSTMENTS: IN KIND CONTRIBUTIONS 34,200. PART XII, LINE 4B - OTHER ADJUSTMENTS: INVESTMENT EXPENSES 20,654. PART X, LINE 2 U.S. GAAP REQUIRES THE FOUNDATION TO EVALUATE TAX POSITIONS TAKEN BY THE FOUNDATION AND RECOGNIZE A TAX LIABILITY IF THE FOUNDATION HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY THE APPLICABLE TAX AUTHORITY. THE FOUNDATION HAS REVIEWED ITS TAX POSITIONS FOR ALL OPEN TAX YEARS AND BELIEVES THAT IT HAS APPROPRIATE SUPPORT FOR THE TAX POSITIONS TAKEN. THEREFORE, NO LIABILITY HAS BEEN RECORDED. CLASSIC 229272 106795 122477 11929 2654 DINNER DANCE 555494 483686 71808 88900 94643 1 30658 17329 13329 650 13097 815424 607810 207614 101479 94643 15751 211873 -4259 1 HILLSBOROUGH CITY SCHOOL DISTRICT 300 EL CERRITO AVE HILLSBOROUGH CA 94010 943087831 4950980 0 GENERAL SUPPORT ASSOCIATED PARENTS - HCSD 300 EL CERRITO AVE HILLSBOROUGH CA 94010 943087831 30000 0 GENERAL SUPPORT 2 PART I, LINE 2: USE OF GRANT FUNDS IS NOT BEING MONITORED DIRECTLY BY THE FOUNDATION. IT IS OVERSEEN BY THE HILLSBOROUGH CITY SCHOOL DISTRICT'S SCHOOL BOARD. 0 0 0 0 0 0 0 0 0 ALICIA ISERO EXECUTIVE DIRECTOR 178625 0 0 0 0 0 0 0 0 0 178625 0 0 0 X 57 360697 QUOTED MARKET PRICE X BALL GAME TICKETS, WATCHES, DINNER 38 101479 FAIR MARKET VALUE 0 1 0 PART 1, LINE 25 THESE ARE DONATED ITEMS SUCH AS BALL GAME TICKETS, ROLEX WATCH, DINNER EVENTS, GOLF OUTING, VACATION RENTALS, ETC FOR LIVE AUCTION AT THE ORGANIZATION'S SPECIAL EVENTS WITH A DONATED VALUE OF $110,000. AMOUNTS REPORTED ON THIS LINE IS BASED ON THE NUMBER OF CONTRIBUTIONS RECEIVED. PART 1, LINE 9B THE ORGANIZATION IS REPORTING THE NUMBER OF CONTRIBUTIONS RECEIVED FOR NONCASH STOCK DONATIONS. FORM 990, PART VI, SECTION B, LINE 11B A COPY OF THE FORM 990 IS PROVIDED TO ALL DIRECTORS OF THE ORGANIZATION PRIOR TO FILING. THE AUDIT COMMITTEE WHO HAS BEEN CHARGED WITH THE RESPONSIBILITY OF REVIEWING AND APPROVING THE FORM 990 ON BEHALF OF THE BOARD REVIEWS AND APPROVES THE FORM 990 PRIOR TO IT BEING FILED. IN ADDITION, MANAGEMENT OF THE ORGANIZATION REVIEWS THE COMPLETED FORM 990 AND FOLLOWS UP WITH THE TAX PREPARATION FIRM TO ANSWER ANY QUESTIONS PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION REGULARLY AND CONSISTENTLY MONITORS AND ENFORCES COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY. EACH DIRECTOR AND EXECUTIVE OFFICER OF THE ORGANIZATION AND EACH MEMBER OF A COMMITTEE WITH BOARD-DELEGATED POWERS ANNUALLY SIGN THE CONFLICT OF INTEREST STATEMENT AND DISCLOSURE FORM. THE BOARD OF DIRECTORS REVIEWS AND DETERMINES IF ANY CONFLICTS OF INTEREST EXIST AND TAKES THE APPROPRIATE ACTION AS OUTLINED IN THE ORGANIZATION'S CONFLICT OF INTEREST POLICY. FORM 990, PART VI, SECTION B, LINE 15 A COPY OF THE FORM 990 IS PROVIDED TO ALL DIRECTORS OF THE ORGANIZATION PRIOR TO FILING. THE AUDIT COMMITTEE WHO HAS BEEN CHARGED WITH THE RESPONSIBILITY OF REVIEWING AND APPROVING THE FORM 990 ON BEHALF OF THE BOARD REVIEWS AND APPROVES THE FORM 990 PRIOR TO IT BEING FILED. IN ADDITION, MANAGEMENT OF THE ORGANIZATION REVIEWS THE COMPLETED FORM 990 AND FOLLOWS UP WITH THE TAX PREPARATION FIRM TO ANSWER ANY QUESTIONS PRIOR TO FILING. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS, FORMS 990 (CURRENT AND PRIOR THREE YEARS) AND AUDITED FINANCIAL STATEMENTS ARE MADE AVAILABLE UPON WRITTEN OR ORAL REQUEST AT THE FOUNDATION'S OFFICE. WE DO NOT MAKE OUR CONFLICT OF INTEREST POLICY AVAILABLE TO THE PUBLIC. FORM 990, PART XII, LINE 2C: NO CHANGE FROM PRIOR YEAR.